Regulatory Framework For Companies Set 8

Bachelor of Commerce (B Com)

Practice Mode Previous
On This Page

This set of Regulatory Framework for Companies Multiple Choice Questions & Answers (MCQs) focuses on Regulatory Framework For Companies Set 8

Q1 | In a members voluntary winding up the notice of the resolution forwinding up shall be filed with the registrar within ………….. days of passing of the resolution.
  • 10
  • 14
  • 21
  • 30
Answer: 14
Q2 | A public company may be wound up by the Tribunal if the number of itsmembers is reduced below …………
  • 7
  • 14
  • 21
  • 28
Answer: 7
Q3 | An official liquidator is appointed by the …………..
  • manager
  • a court of competent jurisdiction
  • board of directors
  • central govt.
Answer: central govt.
Q4 | A voluntary winding up is deemed to commence from the date when thedeclaration of solvency is made by the …………………. . .
  • manager
  • a court of competent jurisdiction
  • board of directors
  • central govt.
Answer: board of directors
Q5 | List A of contributories contains …………………. members of the company.
  • existing
  • past
  • future
  • ex-officio
Answer: existing
Q6 | List B of contributories contains ……………… members of the company.
  • existing
  • past
  • future
  • ex-officio
Answer: past
Q7 | On dissolution the name of the company is struck off from the …… of thecompany.
  • schedule
  • charter
  • register
  • none
Answer: register
Q8 | The Cadbury Committee suggests that the non- executive directors canplay a crucial role in
  • meetings
  • management
  • decision-making
  • corporate governance
Answer: corporate governance
Q9 | SEBI’s code of Corporate Governance provides from the constitution ofshare holders committee under the chairmanship of ……………….. .
  • board of directors
  • director
  • non executive director
  • manager
Answer: non executive director
Q10 | Mandatory requirements of the revised clause 49 of the listing agreement,requires that non- executive directors in the Board of Directors are not less than …………….. of the Board of Directors.
  • 25%
  • 36%
  • 50%
  • 75%
Answer: 50%
Q11 | Which of the following are known as Board Committees
  • audit committee
  • remuneration committee
  • nomination committee
  • all of these.
Answer: all of these.
Q12 | The company agrees that the remuneration of non- executive directorsshall be decided by
  • board of directors
  • director
  • non executive director
  • manager
Answer: board of directors
Q13 | ………….carries out the winding up proceedings.
  • liquidator
  • solicitor
  • contributory
  • tribunal
Answer: liquidator
Q14 | The order of dissolution can be issued only by the …………
  • liquidator
  • solicitor
  • contributory
  • tribunal
Answer: tribunal
Q15 | A company which has not commenced operation or which is not inoperation or has no assets to dive is called……….company.
  • public
  • private
  • sick
  • defunct
Answer: defunct
Q16 | The presiding officer and every other member of a securities appellatetribunal shall hold office for a term of ………. Years from the date on which he enters upon his office.
  • 2
  • 5
  • 6
  • 10
Answer: 5
Q17 | A transfer in which the signature of the transferor is forged iscalled…………transfer.
  • blank
  • forged
  • mutual
  • none
Answer: forged
Q18 | …………….transfer whereby the transferor hands over to the buyer theshare certicate and a blank transfer deed.
  • blank
  • forged
  • mutual
  • none
Answer: blank
Q19 | Which of the following is not true-
  • rbi is an example of a statutory company
  • suit can be maintained in the name of a company
  • lic is an example of registered company
  • the persons who form the company are called promoters
Answer: lic is an example of registered company
Q20 | When a public company has issued prospectus without receiving theminimum subscription it is called……………
  • splitting of allotment
  • return of allotment
  • renunciation of allotment
  • irregular allotment
Answer: irregular allotment
Q21 | When a large block of shares has been allotted to a single person, thecompany may at his request, divide the original allotment letter into a number of small allotment letters. This is called
  • splitting of allotment
  • return of allotment
  • renunciation of allotment
  • irregular allotment
Answer: splitting of allotment
Q22 | Many public companies provide in their articles for an allottee to give upthe right over the shares allotted to him either wholly or partly and transfer the allotment made to him to some other person. This is known as…..
  • splitting of allotment
  • return of allotment
  • renunciation of allotment
  • irregular allotment
Answer: renunciation of allotment
Q23 | The number and nominal amount of shares allotted must be stated in……
  • splitting of allotment
  • return of allotment
  • renunciation of allotment
  • irregular allotment
Answer: return of allotment
Q24 | The return of allotment must be filed with the registrar of companieswithin………….. of allotment
  • 30 days
  • three months
  • 60 days
  • six months
Answer: 30 days
Previous